Artificial Intelligence (AI) in Medical Imaging Market - Forecasts from 2024 to 2029

Artificial Intelligence (AI) in Medical Imaging Market - Forecasts from 2024 to 2029

The AI in medical imaging market is projected to witness a CAGR of 33.47% during the forecast period to reach a total market size of US$10.376 billion by 2029, up from US$2.449 billion in 2024.

As a result of the rising execution of man-made brainpower innovations in the medical care industry, artificial intelligence (AI) in the medical Imaging market growth has developed fundamentally. AI in the medical imaging market size has expanded due to the growing demand for diagnostic tools that are both more accurate and more effective. Key companies own the market share in medical imaging and AI since they are actively developing and integrating AI algorithms into medical imaging systems. Its members include innovation organizations in medical services, producers of imaging hardware, and programming engineers. The market growth has created room for anticipation of further development and innovation that will improve the results of medical imaging.

Introduction:

Artificial intelligence in the medical imaging market is expanding rapidly, and the medical services business is being rethought by changing demonstrative imaging. To improve accuracy, efficiency, and patient outcomes, medical imaging systems are incorporating machine learning and deep learning algorithms.

In medical scans like X-rays, CT scans, MRIs, and ultrasound, AI in Medical Imaging market growth enables enhanced image processing, automated interpretation, and the identification of anomalies. These man-made consciousness-fueled innovations can help radiologists and doctors find and analyze infirmities like malignant growth, cardiovascular infection, neurological issues, and outer muscle peculiarities.

AI IN MEDICAL IMAGING MARKET DRIVERS:

Growing demand for accurate and timely diagnosis of illness:

The growing demand for precise imaging is anticipated to drive AI adoption in medical imaging since there is growing interest in the perfect and ideal identification of illness. According to the statistics provided by the National Library of Medicine, AI usage in medical imaging has significantly improved diagnostic accuracy. AI algorithms have shown high sensitivity and specificity for the detection of ailments, which has, in turn, enabled patients to go through better outcomes of treatments much earlier than usual. Due to the demand for more accurate diagnosis of diseases by healthcare professionals, AI-driven medical imaging solutions are gaining importance daily.

AI in the Medical Imaging Market Geographical Outlook
North America is leading in the AI in the medical imaging market.

North America is leading the world market with a huge share of the medical imaging AI market. The regional growth can be attributed to the modern healthcare infrastructure, high healthcare expenditure, and the considerable presence of key companies or research institutions. Besides that, favorable government initiatives and policies promoting the use of AI in healthcare add to the market's share. The increasing demand for effective diagnostic tools, early illness identification, and personalized treatment plans bolsters North America's share of the AI market in medical imaging.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Segmentation

By Offering

Software
Services

By Technology

Machine Learning
Deep Learning
Computer Vision

By Application

Oncology
Neurology
Cardiology
Pulmonary
Orthopedics
Others

By End User

Hospitals & Clinics
Diagnostics Image Centers
Research Institutes
Others

By Geography

North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
Japan
China
India
South Korea
Indonesia
Taiwan
Other